Stocktoria

AAR CORP AIR

NYSE · stock · Aircraft & Parts · website · IPO 1981-05-22 · LEI

AAR CORP statistics & valuation

Market cap$5.7B
P / E30.3×
P / S1.7×
P / B3.3×
P / FCF91.7×
Net margin5.7%
Return on equity11.0%
FCF margin1.9%
Net debt$809.9M
Enterprise value USD$6.5B
Graham number -53%$69.66

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($69.66); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
3.20% 0.90% 0.40% 0.20% 2.20% 4.30% 4.50% 2.00% 0.40% 5.70% 2017201820192020202120222023202420252026
Gross margin (%)
14.90% 16.80% 16.10% 13.00% 16.70% 17.20% 18.60% 19.10% 19.00% 18.80% 2017201820192020202120222023202420252026
Operating margin (%)
2017201820192020202120222023202420252026
Return on equity (%)
6.20% 1.70% 0.80% 0.50% 3.70% 7.60% 8.20% 3.90% 1.00% 11.00% 2017201820192020202120222023202420252026
Shares outstanding
34.3M 34.6M 34.9M 35.0M 35.3M 36.0M 35.1M 35.4M 35.8M 38.4M 2017201820192020202120222023202420252026
Net debt ($)
$143.8M $146.1M $120.4M $195.3M $81.9M $45.4M $201.3M $899.6M $871.5M $809.9M 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
3.80% 1.00% 0.50% 0.20% 2.30% 5.00% 4.90% 1.70% 0.40% 5.60% 2017201820192020202120222023202420252026
Free cash flow margin (%)
-0.20% 2.40% 2.40% -2.90% 5.90% 4.00% -0.30% 0.60% 0.10% 1.90% 2017201820192020202120222023202420252026
Debt / equity (×)
0.17× 0.19× 0.16× 0.66× 0.14× 0.10× 0.25× 0.83× 0.80× 0.52× 2017201820192020202120222023202420252026
EPS ($)
$1.64 $0.41 $0.21 $0.13 $1.00 $2.17 $2.53 $1.29 $0.35 $4.86 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

AAR CORP trades at about 30.5× earnings — below its 10-year norm (10-year range 19.3×–196.5×, median 56.4×).

19.3× 196.5×

Shaded band = 10-year range (19.3×–196.5×); dot = today's 30.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin18.8%19.0%19.1%18.6%17.2%16.7%13.0%16.1%16.8%14.9%
Net margin5.7%0.4%2.0%4.5%4.3%2.2%0.2%0.4%0.9%3.2%
FCF margin1.9%0.1%0.6%-0.3%4.0%5.9%-2.9%2.4%2.4%-0.2%
Return on assets5.6%0.4%1.7%4.9%5.0%2.3%0.2%0.5%1.0%3.8%
Return on equity11.0%1.0%3.9%8.2%7.6%3.7%0.5%0.8%1.7%6.2%
Debt / equity0.52×0.80×0.83×0.25×0.10×0.14×0.66×0.16×0.19×0.17×
Current ratio2.842.722.983.122.892.783.762.662.832.65

Computed from company filings · US · as of 2025-05-31. Facts plus Stocktoria's own computed scores — not investment advice.